SHA:601512 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	2,826	3,169	2,663	3,617	4,712	3,897
Other Revenue	45.13	45.13	22.11	39.46	29.45	20.05
Revenue	2,871	3,214	2,685	3,657	4,742	3,917
Revenue Growth (YoY)	14.42%	19.71%	-26.57%	-22.89%	21.05%	14.74%
Cost of Revenue	1,590	1,792	1,332	1,800	2,013	1,572
Gross Profit	1,281	1,422	1,353	1,857	2,729	2,345
Selling, General & Admin	266.54	269.42	284.45	298.99	268.48	261.06
Research & Development	14.24	14.3	16.38	19.03	13.03	14.35
Other Operating Expenses	183.54	163.3	179.25	156.28	11.59	127.58
Operating Expenses	467.05	449.75	486.73	468.77	279.95	406.16
Operating Income	814.37	972.26	866.58	1,388	2,449	1,939
Interest Expense	-242.92	-242.92	-249.29	-230.11	-223.37	-105.35
Interest & Investment Income	379.53	404.52	330.61	410.33	446.74	391.75
Currency Exchange Gain (Loss)	0.62	0.62	-0.86	-0.75	-4.35	0.92
Other Non Operating Income (Expenses)	-18.22	-28.2	2.33	112.23	-0.87	-18.89
EBT Excluding Unusual Items	933.38	1,106	949.38	1,680	2,667	2,208
Impairment of Goodwill	-13.66	-13.66	-76.81	-43.83	-28.73	-
Gain (Loss) on Sale of Investments	346.38	343.74	-7.86	326.05	131.84	220.3
Gain (Loss) on Sale of Assets	-4.82	0.26	35.73	11.04	-0.17	34.93
Asset Writedown	-15.7	-15.7	-165.67	-75.79	-9.29	-30.49
Other Unusual Items	118.25	118.25	97.09	114.64	90.89	81.4
Pretax Income	1,364	1,539	831.87	2,012	2,852	2,514
Income Tax Expense	280.96	321.78	207.93	481.72	668.75	517.48
Earnings From Continuing Operations	1,083	1,217	623.94	1,530	2,183	1,996
Minority Interest in Earnings	-166.84	-161.39	13.16	-168.05	-575.44	-474.36
Net Income	916.03	1,056	637.1	1,362	1,608	1,522
Net Income to Common	916.03	1,056	637.1	1,362	1,608	1,522
Net Income Growth	115.88%	65.75%	-53.22%	-15.29%	5.64%	16.40%
Shares Outstanding (Basic)	1,499	1,509	1,482	1,497	1,503	1,492
Shares Outstanding (Diluted)	1,499	1,509	1,482	1,497	1,503	1,492
Shares Change (YoY)	1.17%	1.82%	-1.00%	-0.40%	0.71%	-0.72%
EPS (Basic)	0.61	0.70	0.43	0.91	1.07	1.02
EPS (Diluted)	0.61	0.70	0.43	0.91	1.07	1.02
EPS Growth	113.39%	62.79%	-52.75%	-14.95%	4.90%	17.24%
Free Cash Flow	670.93	826.09	360.69	811.41	439.77	-553.74
Free Cash Flow Per Share	0.45	0.55	0.24	0.54	0.29	-0.37
Dividend Per Share	0.212	0.212	0.128	0.273	0.322	0.305
Dividend Growth	65.63%	65.63%	-53.11%	-15.22%	5.57%	16.41%
Gross Margin	44.63%	44.24%	50.40%	50.78%	57.55%	59.87%
Operating Margin	28.36%	30.25%	32.27%	37.96%	51.65%	49.50%
Profit Margin	31.90%	32.85%	23.73%	37.25%	33.91%	38.85%
Free Cash Flow Margin	23.36%	25.70%	13.43%	22.19%	9.27%	-14.14%
EBITDA	1,290	1,444	1,325	1,787	2,819	2,298
EBITDA Margin	44.92%	44.94%	49.35%	48.87%	59.45%	58.67%
D&A For EBITDA	475.66	472.23	458.51	399.16	369.97	358.94
EBIT	814.37	972.26	866.58	1,388	2,449	1,939
EBIT Margin	28.36%	30.25%	32.27%	37.96%	51.65%	49.50%
Effective Tax Rate	20.60%	20.91%	25.00%	23.95%	23.45%	20.59%
Revenue as Reported	3,214	3,214	2,685	3,657	4,742	3,917

Source: S&P Global Market Intelligence. Standard template. Financial Sources.